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The latest announcement is out from J D Wetherspoon ( (GB:JDW) ).
J D Wetherspoon plc has repurchased 120,000 of its ordinary shares through Investec Bank plc at a weighted average price of 695.4458 pence per share. The company plans to cancel these shares, a move that could potentially impact its share value and shareholder equity by reducing the number of shares in circulation.
The most recent analyst rating on (GB:JDW) stock is a Buy with a £8.25 price target. To see the full list of analyst forecasts on J D Wetherspoon stock, see the GB:JDW Stock Forecast page.
Spark’s Take on GB:JDW Stock
According to Spark, TipRanks’ AI Analyst, GB:JDW is a Neutral.
J D Wetherspoon’s stock score is primarily driven by its financial performance, which shows recovery and stabilization post-pandemic. The valuation is reasonable, offering a fair P/E ratio and a modest dividend yield. However, technical indicators suggest weak momentum, which slightly dampens the overall score.
To see Spark’s full report on GB:JDW stock, click here.
More about J D Wetherspoon
J D Wetherspoon plc operates in the hospitality industry, primarily focusing on running pubs and bars across the United Kingdom. The company is known for offering a wide range of food and beverages at competitive prices, catering to a diverse customer base.
Average Trading Volume: 308,331
Technical Sentiment Signal: Buy
Current Market Cap: £739.8M
Find detailed analytics on JDW stock on TipRanks’ Stock Analysis page.